Still playing catch-up online

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Richard Glynn, the chief executive of Ladbrokes, has settled for a
long-term gamble rather than a quick flutter. He arrived 18 months ago to
drag the bookie into the digital age, but investors will still need all the
patience they can muster.

Mr Glynn had set himself a two-year target, and a £50 million budget, to
upgrade the technology across the group, including a new online betting
platform to be launched early next year.

To be positive for once, this week’s failure to land Sportingbet showed
commendable caution. The reputational risk in taking an illegal, if only
nominally so, website